Production and research and development of roll grinding machines
One of the earliest domestic enterprises to develop and manufacture roll grinding machines.
One of the earliest domestic enterprises to develop and manufacture roll grinding machines.
Establish a Scientific Decision-Making Mechanism and Enhance the Level of Enterprise Decision-Making—A Report on the “Organizational Structure” Preparations for the IPO of Guiyang Xianfeng Machine Tool Co., Ltd.
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2023-12-04
The organizational structure refers to the relationships and division of responsibilities among various departments and positions within a company or organization. For a publicly listed company, a sound organizational structure can enhance work efficiency and foster collaboration. Since initiating preparatory work for its listing in April 2022, Guiyang Xianfeng Machine Tool Co., Ltd. (hereinafter referred to as “Guiyang Xianfeng”) has, based on its own specific circumstances and with a focus on internal corporate controls, continuously optimized and adjusted its organizational structure, actively promoted deeper reforms within the company, and strengthened its market competitiveness—laying a solid foundation for the company’s future listing.
The photo shows the scene of the board of directors’ meeting of Guiyang Xianfeng.
In the course of reform, Guiyang Xianfeng has, supported by a number of Party regulations and normative documents—including the "Regulations on the Work of Party Committees of the Communist Party of China (Trial)" and the "Opinions on Further Promoting the Implementation of the 'Three Major Matters' Decision-Making System in State-Owned Enterprises"—strengthened its internal system framework based on the company’s articles of association. It has also carried out detailed revisions to matters concerning major decision-making within the enterprise, important personnel appointments and removals, significant project arrangements, and large-scale financial transactions.
In addition, Guiyang Xianfeng has fully implemented the requirement of incorporating Party building into its articles of association, establishing a pre-approval mechanism led by the Party committee and clearly defining the functions and authorities of the Party Committee, the Board of Directors, the General Manager’s Office Meeting, the Supervisory Board, and the management team. At the same time, the company has formulated categorized and hierarchical management measures for decision-making on “three major matters and one significant issue,” thereby establishing and improving its corporate deliberation and decision-making mechanisms and effectively safeguarding the Party organization’s legally mandated status within the company’s corporate governance structure. Guiyang Xianfeng has also revised its “Three Meetings and One Layer” management system, supported by six key documents that emphasize upholding Party leadership, strengthening board of directors’ development, standardizing governance, and reinforcing supervision.
The image shows the cover of the management system related to Guiyang Xianfeng’s “Three Meetings and One Layer.”
The picture shows Scene from the Party Committee Meeting and General Manager’s Office Meeting of Guiyang Xianfeng.
By optimizing its organizational structure, Guiyang Xianfeng is better positioned to adapt to market changes, enhance its competitiveness, achieve sustainable development, and lay the foundation for its upcoming IPO. Moving forward, Guiyang Xianfeng will continue to maintain a positive attitude, embracing every challenge with determination and demonstrating new vigor and achievements on its new journey of striving for excellence.
Source | Administrative Business Division
Editor of this edition｜Chen Yiting
Editor-in-charge: Peng Zhenhai, Huang Wanfen
Final Review | Wu Suping
Relevant documents
Relevant Information
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